Lysis assists the client with this requirement under the Irish legislation which is the Criminal Justice (Money Laundering and Terrorist Financing) Act of 2010 because the client is incorporated and regulated in Ireland and Ireland forms part of the European Union (EU). The ongoing service offering includes end-to-end Know Your Customer (KYC) operations which is managed by Lysis’ secure Cape Town-based operating centre. The set of entities that the client does business with is complex because some of the client’s borrowers are unregulated entities which are based in the US with affiliations to high-risk jurisdictions and others are New York Stock Exchange (NYSE) listed entities. As with many listed entities, this client also conducts business with Politically Exposed People (PEP’s) who are often associated with listed business entities. However, being identified as a PEP does not necessarily mean that they are involved with illicit activities but, as part of the AML framework requirements, conducting enhanced due diligence is required for high-risk entities.